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EASYDEPRECIATIONPROBLEMS JohnsonCompanypurchasedamachineonJanuary1,2018.Usethefollowingdatatocomputetheitemsspecifiedbelow. Thereare5problemsinthisset.Chooseanumberfrom1to5: 1COST:$11,000 SALVAGEVALUE$1,000 LIFE5YEARS ANSWEREACHOFTHEFOLLOWING: GRADEGRADE1DEPRECIABLECOST06DDBRATE02STRAIGHTLINERATEASADECIMAL07DEPRECIATIONEXPENSEINYEAR1(DDB)03SLDEPRECIATIONEXPENSEINYEAR108BOOKVALUEENDOFYEAR104BOOKVALUEAFTERONEYEAR(SL)09BOOKVALUEENDOFYEAR305BOOKVALUEAFTERTHREEYEARS(SL)010BOOKVALUEATTHEENDOF5YEARS0

EASYDEPRECIATIONPROBLEMS

JohnsonCompanypurchasedamachineonJanuary1,2018.Usethefollowingdatatocomputetheitemsspecifiedbelow.

Thereare5problemsinthisset.Chooseanumberfrom1to5:

1COST:$11,000 SALVAGEVALUE$1,000

LIFE5YEARS

ANSWEREACHOFTHEFOLLOWING:

GRADEGRADE1DEPRECIABLECOST06DDBRATE02STRAIGHTLINERATEASADECIMAL07DEPRECIATIONEXPENSEINYEAR1(DDB)03SLDEPRECIATIONEXPENSEINYEAR108BOOKVALUEENDOFYEAR104BOOKVALUEAFTERONEYEAR(SL)09BOOKVALUEENDOFYEAR305BOOKVALUEAFTERTHREEYEARS(SL)010BOOKVALUEATTHEENDOF5YEARS0

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